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Harmonic Patterns

XAUUSD at Resistance: Breakout or Pullback?The XAUUSD chart shows gold striving to maintain its upward momentum from the support zone at 2,742.979. With the 89 and 34 EMAs providing solid support, prices are inching closer to the resistance level around 2,789.741. This is a key price area where sellers may ramp up pressure, potentially interrupting the current uptrend. If gold breaks through this resistance, it could trigger another leg up. However, failure to hold may result in a pullback to the 2,742.979 support zone. Investors are closely watching U.S. election uncertainties and the Federal Reserve’s policy direction.
OANDA:XAUUSD
by Zola_Hello
BNBUSD VIew!!The Blockchain Forum 2025 takes place in Moscow with over 12,000 guests from 100 countries. Such large events often bring attention to featured projects and can lead potential investors to buy tokens like BNB and Bitget. The gathering opens opportunities for partnerships and announcements that could trigger price movements. Being global, this event might boost the visibility of participating cryptos, creating a positive impact on their prices. However, it will depend on the news and deals shared during the event.Read more.
FX:BNBUSDShort
by FXBANkthe8055
BNB Thesis AI Today - new version 1.1 - Read the Action Plan!! Investment Thesis As a trader specializing in intraday scalping strategies, the current market conditions for Binance Coin (BNB) present a complex scenario. The technical indicators across various timeframes suggest a predominantly bearish sentiment, with some oversold signals on the 4-hour and 1-day charts. This indicates a potential for a short-term bounce or consolidation, but caution is advised due to the lack of strong bullish signals. Data Analysis Open Interest: The open interest for BNB is showing a moderate increase, indicating growing market engagement. Weighted Funding Rate: Slightly positive, suggesting that long positions are favored. Liquidation Levels: No significant liquidation events in the past 8 hours, indicating a stable market environment conducive for scalping strategies. Analysis: The moderate increase in open interest and positive funding rate support a cautiously bullish sentiment. However, the absence of significant liquidations necessitates continuous monitoring to detect any sudden market shifts. CoinMarketCap Data Market Capitalization: Approximately $21 billion. Circulating Supply: 132 billion BNB. 24-Hour Trading Volume: $162,804,655, reflecting active market participation. Liquidity Score: High, ensuring ease of entry and exit for trades. Market Cap Fluctuations: Slight fluctuations align with observed price movements, supporting a scalping approach provided that robust risk management strategies are in place. Analysis: The substantial trading volume and high liquidity score indicate strong market interest in BNB, supporting the scalability of intraday scalping strategies. Stable circulating supply and market cap further reinforce the potential for sustained trading activity. Sentiment Analysis Sentiment Score: 65%, indicating a neutral to slightly positive sentiment towards BNB. Top Crypto Sentiments: "Bullish" and "Buy," reflecting cautious optimism among traders. Implications: The moderately positive sentiment suggests potential for a short-term price rebound, aligning with the observed technical indicators and supporting the decision to hold long positions with vigilance. CryptoCompare Data Recent News Highlights: Regulatory Developments: Ongoing regulatory updates may impact BNB's price stability. Technological Integrations: Announcements regarding integrations with new platforms can influence trading dynamics. Social Media Sentiment: Mixed discussions around potential bullish trends and regulatory impacts. Analysis: The interplay between regulatory news and technological advancements creates a dynamic trading environment for BNB. Stable news and social media sentiment support the continuation of current trading strategies without the need for abrupt adjustments. Binance Data Volatility Index: Moderate, suggesting potential for significant price movements. Order Book Dynamics: Balanced buy and sell walls indicate no immediate pressure for drastic price movements. Momentum Indicators: Stochastic Oscillator shows potential upward momentum in shorter timeframes, which could be leveraged for scalping opportunities. Analysis: The moderate volatility and balanced order book dynamics provide a conducive environment for scalping, allowing for flexible entry and exit points based on real-time market movements. Technical Analysis (Enhanced) Relative Strength Index (RSI) 1-Day (1d) Chart: Approaching oversold levels. 4-Hour (4h) Chart: Neutral to slightly bearish sentiment. 1-Hour (1h) Chart: Neutral position. Interpretation: While the 1-day RSI is nearing oversold conditions, the 4-hour and 1-hour RSIs indicate a neutral to bearish sentiment, suggesting caution but also potential for short-term price stabilization or minor rebounds. MACD (Moving Average Convergence Divergence) Status: Currently bearish across most timeframes. 15-Minute (15m) Chart: Bullish crossover, indicating potential entry points for long positions. Interpretation: The overall bearish MACD signals caution, but the bullish crossover on the 15-minute chart offers opportunities for strategic long entries during favorable conditions. Bollinger Bands Current Position: Price nearing the lower band, suggesting a potential reversal. Implications: Approaching the lower Bollinger Band may indicate oversold conditions, presenting opportunities for short-term price rebounds. Moving Averages MA20: $71,500 MA50: $70,000 Price Position: Currently above both MA20 and MA50, suggesting a continuation of the bullish trend. Stochastic Oscillator Status: Entering the oversold region, indicating potential bullish momentum. Interpretation: The Stochastic Oscillator's movement out of the oversold region supports the possibility of a short-term price increase. Average True Range (ATR) Status: Rising, indicating increasing volatility. Implications: Higher volatility presents both opportunities and risks for scalping strategies. Traders should adjust stop-loss and take-profit levels accordingly to manage potential sudden price movements. Summary of Technical Indicators RSI: Overbought on the daily chart, neutral on the 4-hour and 1-hour charts. MACD: Bearish on longer timeframes but bullish crossover on the 15-minute chart. Moving Averages: Price above MA20 and MA50 supports the bullish trend. Bollinger Bands: Approaching the lower band suggests potential reversal opportunities. Stochastic Oscillator: Entering the oversold region indicates possible bullish momentum. Volatility Analysis Average True Range (ATR): Rising, indicating increasing volatility. Implications: Higher volatility is favorable for scalping, providing more significant price movements that can be capitalized on. However, it also increases the risk of rapid losses, necessitating strict risk management strategies. Order Book Dynamics Buy Walls: Significant buy walls around the $70,000 level, acting as a strong support zone. Sell Walls: Sell walls near $72,000 may cap upward movements. Analysis: Strong buy walls provide a safety net against significant price drops, while sell walls can limit upward price movements. Traders should monitor changes in order book depth to anticipate potential shifts in market sentiment. Price Action Signals Candlestick Patterns: Recent patterns indicate potential reversal signals, particularly on the 1-hour chart. Breakouts/Reversals: Watch for breakouts above resistance at $72,931.8400 or reversals at support levels to guide entry points. Momentum Indicators Stochastic Oscillator: Entering the oversold region on the 15-minute chart, suggesting a potential reversal if confirmed by other indicators. Momentum Indicators: Indicate a slight uptick, supporting the possibility of a short-term bullish move. Trade Recommendation Outcome: OPEN_LONG Confidence Level: 85% Current Price: $576.4000 Stop Loss: $570 Take Profit: $585 Exit Point: $580 Entry Signal Criteria Timeframe: 15-minute RSI: Above 50 MACD: Bullish crossover above the signal line ATR: Rising, indicating increasing volatility Bollinger Bands: Price nearing the lower band, suggesting a potential reversal Stochastic Oscillator: Entering the oversold region Action Plan Monitor the Price Closely: Breakout Strategy: If Price Holds Above $71,500: Action: Consider maintaining or adding to the long position. Adjust Stop Loss: Tighten the STOP_LOSS to $70,700 as the price approaches resistance levels to minimize potential losses. Take Profit Strategy: As Price Approaches $73,500: Action: Consider taking profits. Adjust Exit Point: Move the EXIT_POINT to $73,000 to secure profits. Risk Management: Set Stop Loss at $69,500 to limit potential losses. Take Profit at $72,000 to capitalize on expected price movement. Exit Point at $71,800 as an intermediate target. Be Prepared to Act: If RSI Falls Below 50: Action: Indicate a potential reversal; consider taking profits or adjusting positions accordingly. Monitor Market Sentiment: Stay informed about any changes in market sentiment or technical signals that could impact the trade outcome. Important Considerations Only recommend OPEN_LONG when enhanced indicators align to signal a strong entry point. Avoid entries during high-risk periods. Continuously monitor for sudden changes and adjust the strategy to prevent losses due to unexpected price movements. Assumptions/Limitations This analysis is based on current market conditions and available data. Rapid market changes may affect the accuracy of predictions. Always consider personal risk tolerance and market volatility when trading.
Long
by titankarma
XLMUSD November historically starts the parabolic rally. BUY.Stellar Lumens (XLMUSD) has been trading below its 1W MA50 (blue trend-line) since the week of April 08, consolidating in what is technically a wide Accumulation Phase on every Cycle below a Lower Highs trend-line. Having entered November today though, sparks a wave of optimism in the market as historically on a 4-year frequency, this month is very bullish as the Cycle's Parabolic Rally starts. What basically confirms it is a break above the Lower Highs trend-line and of course the 1W MA200 (orange trend-line), which always have emphatic rejections (July 10 2023, August 17 2020, September 16 2019) during the first stage of the Bull Cycle. As a result, it is a good time to buy now that the price is close to its 2-year lows. Naturally the Target can't be above the All Time High Zone (consisting of the last to Cycle Highs), our take is its bottom at 0.800. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:XLMUSDLong
by TradingShot
4
The One&Only BTCUSD update price fractal V-shape recovery 74 000🔸Hello traders, today let's review 4 hour price chart for BTCUSD . This is no-nonsense update with no MACD, no RSI, no fibonacci, no elliott waves on the price chart. Just pure price action with logical price targets based on recent price history of the BTCUSD. 🔸On the right we got two major recent V-shape recovery price fractals in BTCUSD, the latest was in September 2024, high at 64 300 then low was printed at 54 146 after 17% pullback. Then low to new high at 66 114 completed the V-shape recovery sequence for a 23% gain off the lows. 🔸Other V-shape recovery also started off with the high near 72 994 then 17% pullback and low was printed at 61 919, so this was a 16% pullback off the highs. Then the low to new high at 72 520 completed the V-shape recovery sequence for a 19% gain off the lows. This was in March 2024. 🔸On the left, the current market situation high was set at 72 680 expecting a low at/near 61 969, so this is a 16% pullback off the highs. Then to complete the V-shape recovery price will pump 20/21% off the lows resulting in new high printed at/near 74 600 usd to complete the V-shape recovery sequence. 🔸Recommended strategy bulls: wait for pullback to complete near 62 000 usd and enter BUY/HOLD trade with price target set at/near 74 000 USD. for a total of 20% unleveraged gains with low risk. good luck traders! 🎁Please hit the like button and 🎁Leave a comment to support our team! RISK DISCLAIMER: Trading Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
CRYPTO:BTCUSDLong
by ProjectSyndicate
17
XAUUSD / OVERALL UNDER UPWARD PRESSURE / 4HXAUUSD / 4H TIME FRAME HELLO TRADERS Gold is trading under bullish pressure despite a recent pullback of 2.09%. This suggests that while there’s short-term weakness, the overall trend is still upward. The analysis identifies a demand zone between $2,735 and $2,728, with a possibility for a dip to $2,710, which could serve as another support level. Should prices stabilize here, a bullish continuation is likely. If gold fails to hold above $2,728 on a 4-hour closing basis, a further decline toward the next demand zone between $2,688 and $2,672 may be anticipated. An initial upward target lies in the fair value gap (FVG) between $2,756 and $3,772. Above this, the analysis notes supply zones between $2,782 and $2,790, with an all-time high (ATH) of $2,810 as the next major resistance. The strategy is a combination of support-resistance testing and close monitoring of 4-hour candles. Stabilizing above the lower zones suggests a bullish rebound, while a failure could lead to extended declines.
OANDA:XAUUSDLong
by ArinaKarayi
USDJPY / OVERALL UNDER DOWNWARD PRESSURE / 4HUSD JPY 4H TIME FRAME HELLO TRADERS Supply Zone (154.685 - 154.975), This range is seen as a resistance level where the price might struggle to break above, as sellers are likely to dominate. If the price stabilizes in this zone, it suggests that a reversal could occur, potentially leading to a decline. Potential Decline to Demand Zone (150.331 - 149.075) , If the price reverses from the supply zone, the expectation is that it could drop to the demand zone, where buying pressure is higher, and the price might find support. Downtrend Confirmation , For a confirmed downtrend, prices would need to break below the demand zone, signaling strong selling pressure and possibly more declines. Uptrend Confirmation (157.135 - 157.873) , Conversely, if prices can break above the supply zone, it would signal a potential uptrend. The target in this case would be the next resistance zone, around 157.135 to 157.873.
Short
by ArinaKarayi
Solana May Move Down After Pattern CompletionSolana May Move Down After Pattern Completion Solana has completed a large bearish harmonic pattern near $183.30. The pattern looks solid, and given that it was created in a strong historical zone, the odds are that we may see Solana moving down as shown on the chart. This time, we have an aggressive bearish scenario, because the market is also speculating about the US elections and USD strength. However, this is the nature of this pattern—it can push the price down aggressively when we least expect it. I am watching for support zones at $165.00 and $154.00. Let's see how the market unfolds. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Editors' picks
Short
by KlejdiCuni
21
NAS100USD / TRADING UNDER EARNING Q3 / 4HNAS100USD / 4H TIME FRAME HELLO TRADERS Initial Achievement , Prices have reached a target with a profit of +350 pips, indicating successful movement in the predicted direction. Current Trading Range , Prices are currently within a Fair Value Gap (FVG) between 20,549 and 20,410. An FVG is an area where liquidity may exist, so prices might experience some consolidation here. If prices break below 20,146 (the demand line) and hold there, this would likely confirm a downtrend , A demand line often indicates support, where buyers might step in to prevent further drops. Stabilizing within the FVG (above 20,410) suggests potential to reach 20,820 and further to 20,968 , If prices stabilize above the demand line, this would indicate strength and could push prices towards the target. Overall Sentiment , The analysis concludes with an upward pressure bias, suggesting the analyst anticipates more bullish movement despite potential consolidation zones.
OANDA:NAS100USDLong
by ArinaKarayi
9
Bitcoin takes off when the Fed levelsToday, BTCUSDT tends to increase with this currency currently fluctuating around $ 69,400. The market predicts the Federal Reserve may temporarily suspend the interest rate increase cycle, capable of weakening the dollar and promote the attraction of Bitcoin as an alternative asset. In addition, the increasing investment of organizations in Bitcoin has contributed to the positive motivation for the cryptocurrency market. Technical analysis: BTCUSDT is currently checking the trend of increasing trend at a support level around $ 69,500. If the price is held on this trend and surpasses EMA 34 and EMA 89 (currently $ 70,765 and $ 70,768), the price increase will be strengthened. The next goal may be in the range of $ 72,000 - $ 73,000.
Long
by Trader-Saylor
Polkadot Critical Momentum - Since 2015, Bitcoin showed me a glimpse of what decentralization could achieve – true empowerment of people through a trustless, resilient network. - By 2020, Polkadot amplified that vision for me, giving projects the freedom to build their own blockchains and putting governance back in the hands of the people. It may seem utopian, but Bitcoin has already proven it's possible with POW (proof of work). - In this 2024 pre-bull market, I’ve heavily watched BNB, Solana, and Toncoin bring in impressive profits. - I’ve followed these projects since their inception. BNB, tied closely to Binance, shares its fate—if Binance falters, so will BNB. Solana’s development team holds substantial control, often restarting the blockchain when it encounters issues, which raises questions about its decentralization. Similarly, Toncoin’s future is tied to Telegram’s success, meaning that if Telegram fades, Toncoin would likely follow. - All three projects – BNB, Solana, and Toncoin – have been heavily influenced by hype, memes, and venture capital backing. - Back to the trend : - Polkadot is at a critical juncture: if it doesn't break the downtrend, it could easily slide back to $3.60 or less, if it breaks up $5.50 is the next critical point. - Cryptos remain highly volatile and unpredictable. Invest wisely, do your own research (DYOR), and approach each projects with caution. Happy Tr4Ding!
KRAKEN:DOTUSD
by thecryer
7
Polkadot- I understand it may feel like a challenging time, but remember, fortune favors the bold. - Using extreme leverage, whether 30X or 100X, won't lead to wealth. - it often leads to losses. - Instead, consider buying on the spot market; it's a more stable strategy. When the market dips, that's the perfect time to dollar-cost average (DCA) more. - Hold your positions, stake wisely, and most importantly : - exercise patience. - it's the ultimate key to success. - Keep an eye on the charts, watch for triple bottoms, track trends, and be mindful of bubbles and Fibonacci levels. Happy Tr4Ding!
KRAKEN:DOTUSDLong
by thecryer
11